Slideshow
Advisers on the move: J.P. Morgan loses $1.2B team

Also, Merrill gained teams with $1.5 billion in combined AUM,

J.P. Morgan saw a team managing $1.2 billion in AUM go independent. The firm, however, wasn't alone seeing recruits exit the employee advisory channel. UBS had a team managing $425 million in client assets go the route of independence as well.

See these and all the latest recruiting moves by clicking through our slideshow.

Merrill Grabs Advisors with $1.5B in Combined AUM

Teams from Morgan Stanley and UBS that managed more than $1.5 billion in combined client assets have joined Merrill Lynch, said a firm spokeswoman.

Six out of the nine recruits also were returning to Merrill Lynch, according to FINRA BrokerCheck records.

Among the moves, former Morgan Stanley advisers John Gatto, Kenneth Gatto and Matthew Hughes managed about $675 million in client assets and generated $5.3 million in annual revenues before switching firms, the Merrill spokeswoman said. They operate as the Gatton Hughes Group, based in Jericho, N.Y.

$1.2B J.P. Morgan Team Goes Indie with Silicon Valley Help

Teams from Morgan Stanley and UBS that managed more than $1.5 billion in combined client assets have joined Merrill Lynch, said a firm spokeswoman.

Six out of the nine recruits also were returning to Merrill Lynch, according to FINRA BrokerCheck records.

Among the moves, former Morgan Stanley advisers John Gatto, Kenneth Gatto and Matthew Hughes managed about $675 million in client assets and generated $5.3 million in annual revenues before switching firms, the Merrill spokeswoman said. They operate as the Gatton Hughes Group, based in Jericho, N.Y.

Advisors with $550M AUM Combined Join FiNet

More than a half dozen advisers from UBS and Morgan Stanley, who collectively managed more than $550 million in client assets, have gone independent with Wells Fargo, a spokeswoman said.

Former UBS advisers Bill Rouse, Jessica Harper, Jeff Burton and Steve Meyer were managing more than $426 million in client assets before they made the move, the spokeswoman said. The team, based in Charleston, S.C., now operates as Millennium Private Wealth.

Raymond James Hires $2.3M Team from UBS

A team which generated $2.3 million in annual revenues has left UBS to join Raymond James, the regional firm said.

Joseph G. Hameline, Jr. and his sons Joseph G. Hameline III and Erikson Hameline had overseen $260 million in client assets before making the move, Raymond James said. The team, operating as Hameline Wealth Management, includes support staff Brenda Kelley and Virginia Williamson, and is in South Burlington, Vt.

While at Morgan, they generated almost $1 million in annual revenue, according to Raymond James. The team made the move in January. McGee said in a statement that they switched firms in part due to Raymond James' technology and platform.

Raymond James' Alex. Brown Adds Retired Exec

When former Deutsche Bank advisors transition to Raymond James' Alex. Brown division in a few months, many will see a familiar face.

Seth Waugh, former CEO of Deutsche Bank Americas, will be coming out of retirement to serve as non-executive chairman at the boutique once Raymond James finalizes its purchase of Deutsche's U.S. Private Client Services unit. The 35-year industry veteran will focus on client and adviser relationships while helping drive Alex. Brown's strategic direction, according to the fast-growing regional B-D.

Merrill shuffles market execs

Two Merrill Lynch market executives have moved on to new regions.

Chris Bettencourt, formerly the market executive for Hartford, Conn., was bumped up to take on the Boston financial market, the firm said. Bettencourt started his career at Morgan Stanley in 1993, FINRA Brokercheck records show. He joined Merril in 2004 and has held various director positions for the wirehouse's Southern New England/Upstate New York and Wisconsin divisions.

Replacing Bettencourt in Hartford is Shamus O';Rourke. O'Rourke was previously market executive at the firm's Northern New England unit before this appointment. According to BrokerCheck records, O'Rourke started his career in 1993 at Fisco Equity. He did a previous stint at Merrill from 1998 to 2006, when he moved to Morgan Stanley. O'Rourke later returned to Merrill in 2011, BrokerCheck records show.

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